British digital bank Monzo hits monthly profitability for the first time after spike in lending
Monzo on Wednesday said it hit profitability for the first time this year, in a major milestone for one of…
ECB’s de Guindos warns financial markets are vulnerable to a sharp sell-off
Financial markets could face a sharp downturn in the event of any further shocks to the global economy, European Central…
JPMorgan rejects claim that Dimon and Staley discussed Epstein: ‘We believe this is false’
JPMorgan Chase on Wednesday rejected allegations cited in a new report that CEO Jamie Dimon over years discussed the bank’s…
JPMorgan’s Dimon says other execs at the bank could have booted Epstein when he was a client
JPMorgan Chase CEO Jamie Dimon testified last week that top bank executive Mary Erdoes and the firm’s then-head lawyer had…
Bank of England set for 12th straight interest rate hike, but the outlook remains murky
LONDON — The Bank of England is expected to hike interest rates for the 12th consecutive meeting on Thursday as…
UBS announces Credit Suisse CEO Koerner to join board after emergency rescue
UBS on Tuesday announced that Credit Suisse CEO Ulrich Koerner will join the executive board of the new joint entity…
A.I. trade is leaving investors vulnerable to painful losses: Evercore
The artificial intelligence trade may be leaving investors vulnerable to significant losses. Evercore ISI’s Julian Emanuel warns Big Tech concentration…
Worries linger about financial stability following bank rescue, Fed report shows
Banking system pressures, real estate stress and persistent inflation top worries about financial stability, though the system overall remains stable,…
Fed report shows banks worried about conditions ahead, with focus on slowing economy and deposit outflows
Tumult in mid-sized institutions caused banks to tighten lending standards both to households and businesses, potentially posing a threat to…
Warren Buffett says American banks could face more turbulence ahead, but deposits are safe
Berkshire Hathaway CEO Warren Buffett on Saturday assailed regulators, politicians and the media for confusing the public about the safety…
